Joel Carlson MJC Realty
Listed by MJC Realty, Joel Carlson MJC Realty
$4,975,000
Seashore Apartments
Details
APN 7247020025
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,372
Units 11
Occupancy 70%
Price per SqFt $594
Broker Co-Op Yes
Year Built 1930
Year Renovated 2025
Buildings 1
Stories 2
Acreage 0.117
Zoning Assessor
Multifamily | 11 Units | $452,273/unit
Marketing description
PRIME INVESTMENT PROPERTY in a RARE OCEANFRONT location in Belmont Shore. This beautiful 10 (origially 12) unit apartment complex sits directly accross from the beach, with sparkling ocean views that will never be blocked! The property is being sold with 7 tenant-occupied units, with a substantial rental upside. The owners have begun significant improvements to elevate the building and maximize the rental income potential. Highlights are the prime unit under renovation with the best views, adding a shared laundry room, City of Long Beach permitting short-term rental for one unit, and Long Beach in the Spotlight for the 2028 Olympic.
Investment highlights
- Rare Oceanfront Location
- Potential to upgrade the flat rooftop of the building for shared space
- Potential to use the "Jewel of the building unit" as a short term rental
Listing Contacts
Joel Carlson MJC Realty
Listed by MJC Realty, Joel Carlson MJC Realty
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